Larry Genet and Tom O’Loughlin with CBRE represented IOV in the lease transaction and are the exclusive representatives for the property and are positioning the development’s ability to meet the needs of e-commerce, distribution, corporate headquarters or manufacturing operations with heavy parking requirements.
In this role, the two executive leaders will work closely with the Altman Logistics Properties leadership team to provide advisory services focused on organizational growth, corporate strategy and real estate technology and innovation in support of the company’s business development and growth.
The park encompasses four warehouses that are 65% leased to six tenants.
The firm will be taking 22,614 square feet of space at the Class A office building.
The portfolio totals 1.4 million square feet across Miami-Dade, Broward and Palm Beach counties.
Colliers Vice Chair Stephen Rutchik represented the landlords in the transactions. CBRE Executive Vice Presidents Jeff Gordon and Barbara Black represented the tenants.
The portfolio is primarily located in Miami-Dade, Broward, and Palm Beach counties and stands to benefit from the Golden Glades Interchange Enhancement.
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
Prior to joining Lee & Associates South Florida, he served as Senior Associate at Apex Capital Realty and worked closely with CBRE, managing a national bank portfolio spanning three states and 150 locations.
CBRE, represented by Chris Lee and Sean Kelly, alongside Blanca Commercial Real Estate, represented by Chris Gallagher, Christina Stine Jolley, and Andres Del Corral facilitated the transaction on behalf of the seller. The property was bought by Galium Capital.